BRS Group analysis shows the United States holds less than 1% of global commercial shipbuilding market share and ranks comparably to Vietnam on competitiveness metrics, revealing substantial structural deficits in US maritime industrial capacity. The assessment underscores significant challenges for Trump administration objectives to expand US maritime capabilities. The scope of required industrial restructuring remains unclear.
Splash 247·US · VN·about 3 hours ago
Russia's Ministry of Industry states the current passenger ship order portfolio comprises 63 vessels, with projected demand of 484 units through 2035. The gap between current orders and forecast demand suggests significant potential capacity for domestic shipbuilding expansion, though verification of demand projections and actual order fulfillment capacity remains unclear.
TASS English·RU·about 3 hours ago
Excelerate Energy, a Texas-based LNG infrastructure company, held a naming ceremony for its newly constructed floating storage regasification unit (FSRU) at Hyundai Heavy Industries' Ulsan facility. FSRUs are critical infrastructure for LNG import and regasification without permanent terminal construction. The development reflects continued U.S.-South Korean energy sector cooperation and growing FSRU deployment globally.
Offshore Energy·US · KR·about 3 hours ago